12:32 - 29.12.2023

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December 29, Fineko/abc.az. Finances invested in life insurance in Azerbaijan grew by 28.4%.

ABC.AZ reports that for Jan-Nov 2023 the premiums gathered in Azerbaijan through a life insurance company reached AZN 461.38 million.

In other words, compared with Jan-Nov 2022, insurance investments grew by AZN 102.108 million. Thus, for Jan-Nov 2022, life insurance companies managed to collect AZN 359.275 million of insurance premiums.

Over Jan-Nov 2023, life insurance payments increased by 19.4% and reached AZN 269.5 million. Over Jan-Nov 2022, payments on this type of insurance reached AZN 225.664 million.